Cabrales, Antonio; Calvó-Armengol, Antoni - In: Journal of the European Economic Association 5 (2007) 5, pp. 1016-1042
We propose a new mechanism to achieve coordination through voting, for which we discuss a number of real-life applications. Among them, the mechanism provides for a new theory for downsizing in organizations. A crisis may lead to a decrease in the willingness to cooperate in an organization, and...